Premium Chocolate Market Industry Analysis, Key Vendors, Opportunity and Forecast To 2030

Premium Chocolate Market Analysis and Size
The global premium chocolate market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyzes that the market is growing with a CAGR of 4.3% in the forecast period of 2023 to 2030 and is expected to reach USD 53,578,784.92 thousand by 2030. The major factor driving the growth of the global premium chocolate market is the rise in demand for highly luxurious chocolates.

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Market Definition

Premium chocolate is a type of chocolate that has a higher percentage of cocoa solids than regular chocolate milk. It can refer to a number of things, such as the high quantity of cocoa used in the bar; whether it is Fairtrade and sustainably sourced; if it combines other ingredients, such as raspberry chunks or alcohol; and if the packaging has a more sophisticated feel. It is also made with whole milk instead of skim milk and has a higher fat content. Premium chocolate milk has a richer flavor and a thicker consistency than regular chocolate milk.

Global Premium Chocolate Market Dynamics
DRIVERS

Rise in popularity of vegan, organic, and gluten free chocolates.
The awareness of the consumption of vegan, organic, and gluten free chocolates has slowly evolved among consumers all over the globe. Vegan chocolate helps in improving brain function and is considered much better for health than the standard one. It is made from plant-based ingredients instead of dairy, eggs, and gelatin, which means it contains less fat, fewer calories, and no cholesterol.

The consumption of cocoa products has led to major health benefits, which is expected to drive the growth of the premium chocolate based products market. The health benefits include decreased hypertension, reduced chronic fatigue syndrome, and protection against sunburn, among others. Cocoa is also rich in polyphenols that help in protecting the body's tissues against oxidative stress and associated pathologies such as cancers and inflammation.

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